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Follow on Google News | 5G Satellite Communication Market is at Nascent Stage with Significant Growth PotentialCompanies such as OneWeb, SpaceX, LeoSat, Amazon's Kuiper Project, and others are competing in the new space to enable satellite connectivity for their customers in remote and rural locations.
By: BIS Research Report Overview is available at: https://bisresearch.com/ Currently, the U.S., China, and South Korea are leading the deployment and building of 5G technology. Moreover, telecommunication companies across the world, such as AT&T Inc., KT Corp, and China Mobile, are racing to build the fifth generation (5G) of wireless technology. Over the 2022-2032 forecast period, North America and Asia-Pacific regions are expected to dominate the global market, followed by Europe and the Rest-of-the- Commercial end-user demand for 5G satellite connectivity is generated mainly from sectors like logistics and shipping, oil and gas, and automotive. Most countries in Europe and other developed parts of the world are shifting to electric and hybrid automobiles owing to climate change concerns. In December 2021, Intelsat, Kymeta, and Fraunhofer IIS announced that they had conducted the first-ever successful trial of satellite-enabled 5G services on a moving vehicle. Download the Sample Report of 5G Satellite Communication Market at: https://bit.ly/ The report is a compilation of various segmentations, including market breakdown by application, product, and region. The report offers key driving and restraining forces for the market as well as the opportunities in different applications across the leading countries. In the extensive primary research process undertaken for this study, the sources include industry experts and key executives from prominent companies and organizations across the 5G satellite communication market supply chain. About BIS Research: BIS Research is a global B2B market intelligence and advisory firm focusing on deep technology and related emerging trends which can disrupt the market dynamics in the near future. We publish more than 200 market intelligence studies annually that focus on several deep technology verticals. Our strategic market analysis emphasizes on market estimations, technology analysis, emerging high-growth applications, deeply segmented granular country-level market data, and other important market parameters useful in the strategic decision-making for senior management. BIS Research offers syndicate as well as custom studies and expert consultations to firms, providing them specific and actionable insights on novel technology markets, business models, and competitive landscape. End
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